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Nov 27, 2012
11/12
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around is the gas tax. people assume that the money when they pay at the pump and goes into the highway trust fund it will be used to build roads and bridges to maintain. that is popular thing. people think we need that. so to me it is deceptive to load the extravagance of the obama administration to be paid off by people paying a gas tax. melissa: yeah. >> they did it, probably didn't know this. they did it in 1990. did it in 1993. about a nickel increase each time. at that time almost doubled the gas tax. melissa: so incredibly regressive. hits the exact people they talk about protecting and that democrats talk about protecting last election. it goes right after, it hits the middle class and lower income people the hardest of course because it is incredibly regressive. let me ask you, i feel like today when i was hearing talk about trying to close this gap we're looking under every broke for more money and more tax revenue. doesn't seem like we're cutting spending very much s that the right impression. >>
around is the gas tax. people assume that the money when they pay at the pump and goes into the highway trust fund it will be used to build roads and bridges to maintain. that is popular thing. people think we need that. so to me it is deceptive to load the extravagance of the obama administration to be paid off by people paying a gas tax. melissa: yeah. >> they did it, probably didn't know this. they did it in 1990. did it in 1993. about a nickel increase each time. at that time almost...
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Nov 24, 2012
11/12
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the democrats have said we're not until you raise taxes. both sides are going to have to make a deal in the spring and it's going to involve everybody. >> let me ask you this, douglas. norquist said a number of times in defense of his position, look, what's wrong with saying to a politician, when you want my vote and you make a promise, you should keep that promise. what's wrong with saying that to either side about any topic? >> so, i think that there's nothing wrong with that. this is about making political commitments, something politicians have to and should do. my own preference is not written pledges, but in fact, people who say this is what i believe and follow through on it. i think one thing it did do is focus its attention, which is still under discuss. we have an enormous spending problem, it's about entitlement problem. what the president was forced some recognition that the threshold decision is to spend the money. >> ethan, your reaction to this whole idea that norquist keeps saying, it's about taxes for him, but also about po
the democrats have said we're not until you raise taxes. both sides are going to have to make a deal in the spring and it's going to involve everybody. >> let me ask you this, douglas. norquist said a number of times in defense of his position, look, what's wrong with saying to a politician, when you want my vote and you make a promise, you should keep that promise. what's wrong with saying that to either side about any topic? >> so, i think that there's nothing wrong with that....
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Nov 28, 2012
11/12
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when you tax something usually get less of it, like cigarette taxes to curb smoking or carbon tax to curb carbon emissions. financial advisers say individual investors are considering doing their investing elsewhere. other countries because of the higher taxes. now, the investing mobile bullies that wealthy folks should have to pay a minimum tax. look. there is alrady an alternative minimum tax set up with just that idea, to catch of the scofflaws who don't pay their fair share. unfortunately the brain surgeons on capitol hill have never in next the tax for inflation. knight captures 4 million americans, many of which it would be a strain to consider wealthy. even if you had of -- led all the bush tax cut expired the renue would only fund the government for eight half day aid now have days. we nd a better solution than that. the comments are based on the idea that there are no unintended consequences of government policy. people embrace changes, and the world keeps on spending. i believe that results would be catastrophic. capital flight to my jobs left unfilled, weaken the economy,
when you tax something usually get less of it, like cigarette taxes to curb smoking or carbon tax to curb carbon emissions. financial advisers say individual investors are considering doing their investing elsewhere. other countries because of the higher taxes. now, the investing mobile bullies that wealthy folks should have to pay a minimum tax. look. there is alrady an alternative minimum tax set up with just that idea, to catch of the scofflaws who don't pay their fair share. unfortunately...
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Nov 25, 2012
11/12
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the reason is the country -- the government is on automatic pilot to the fiscal cliff, to massive tax increases and really horrible spending cuts on january 1st unless we act, so if congress does -- congress has gotten pretty good at doing these days, we'll go over the fiscal cliff, so there's work to be done and compromises to be reached. >> next, an interesting take on the fbi investigation that ensnared general david petraeus. >> i got to say, what spies surprises me is these people are still sending emails. i don't spend money on gasoline. i am probably going to the gas station about once a month. last time i was at a gas station was about...i would say... two months ago. i very rarely put gas in my chevy volt. i go to the gas station such a small amount that i forget how to put gas in my car. [ male announcer ] and it's not just these owners giving the volt high praise. volt received the j.d. power and associates appeal award two years in a row. ♪ time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than yo
the reason is the country -- the government is on automatic pilot to the fiscal cliff, to massive tax increases and really horrible spending cuts on january 1st unless we act, so if congress does -- congress has gotten pretty good at doing these days, we'll go over the fiscal cliff, so there's work to be done and compromises to be reached. >> next, an interesting take on the fbi investigation that ensnared general david petraeus. >> i got to say, what spies surprises me is these...
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Nov 22, 2012
11/12
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mortgage tax deductions all sorts of things go wrong. would you care right now is, can you afford to buy property safely, are you in a relatively stable job? affordability levels are still at historically good numbers. is really a good time to be on the market if you can get the financing. you hope that saner heads prevail and we don't go off the fiscal cliff. gerri: if you're looking for opportunity in the housing market, right now is it. thanks. appreciate your time. thank you. >> my pleasure. gerri: is now the best time to buy that second home, the dream vacation? next and joined by two of the hottest three letters in the country. what you need to know when putting your home on the market. advice on buying and selling next. gerri: welcome back to a special edition of "the willis report." rebuilding the american dream. eating to the bottom of the most pressing issues facing americans in the housing market like trying to buy or sell your property. expert panel of three -- vehicles turning me now. the founder and ceo in seattle. and co-f
mortgage tax deductions all sorts of things go wrong. would you care right now is, can you afford to buy property safely, are you in a relatively stable job? affordability levels are still at historically good numbers. is really a good time to be on the market if you can get the financing. you hope that saner heads prevail and we don't go off the fiscal cliff. gerri: if you're looking for opportunity in the housing market, right now is it. thanks. appreciate your time. thank you. >> my...
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Nov 22, 2012
11/12
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doesn't it suggest tax fraud. thousands of companies are registered here. >> it has nothing to do with taxes. in delaware there are buildings that have hundreds times a my registered companies. >> it's true. companies register themselves in delaware because delaware has simpler rules i once started a business there in one wk. >> fox t-shirt and fox hat. great stuff there. >> john: i could have registered faster in the caymans. >> what i set out to do was design a system that was market responsive and fast. >> he helped create the rules. it takes ten pages to register a hedge fund. the simple rules work. >> look at our track record. just in the past decade we've been through the crisis of 2000, 2004 and the more severe crisis be in 2008. no cayman financial institution needed any kind of government intervention or any type of bailout. >> john: they also created prosperity. >> today we have the highest standard of living in the world. >> jobs are always opening up and businesses are booming and hotels are being buil
doesn't it suggest tax fraud. thousands of companies are registered here. >> it has nothing to do with taxes. in delaware there are buildings that have hundreds times a my registered companies. >> it's true. companies register themselves in delaware because delaware has simpler rules i once started a business there in one wk. >> fox t-shirt and fox hat. great stuff there. >> john: i could have registered faster in the caymans. >> what i set out to do was design a...
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Nov 24, 2012
11/12
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. >>> to politics now and taxes. they are at the heart of the negotiations over the fiscal cliff. and now georgia senator saxby chambliss says a no tax pledge signed by most republicans is standing in the way of getting that deal done. >> times have changed significantly. and i care more about this country than i do about a 20-year-old pledge. i think we owe the debt and we've got to figure out a way to pay it. >> that pledge was written by grover norquist and his group americans for tax reform. norquist talked about this on cnn's "the situation room." >> the commitment he made to the people of georgia was not to me. it was a written commitment to the people of georgia that he would go to washington to reduce government spending and reform government, not raise taxes. if he wants to change his mind and become a tax increaser, so we don't have to reform government, he needs to have that conversation with the people of georgia. >> we've got 38 days before we go over that cliff. if there's no deal before the end of the year, taxes will go up for every american. >>> amid fears the cea
. >>> to politics now and taxes. they are at the heart of the negotiations over the fiscal cliff. and now georgia senator saxby chambliss says a no tax pledge signed by most republicans is standing in the way of getting that deal done. >> times have changed significantly. and i care more about this country than i do about a 20-year-old pledge. i think we owe the debt and we've got to figure out a way to pay it. >> that pledge was written by grover norquist and his group...
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Nov 29, 2012
11/12
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or taxes might be taxed. and there is a principle involved. is there a principle or bloody minded news. we shall not pay anymore taxes ever. >> at some point there is just too much tax. we are a long way from that. let's look at earned income tax. they are lower now. all president obama is doing is saying let's go from 35% to 39.6% the same as it was under president clinton the economy did very well and it is more than just a drop in the bucket. just raising rates on people making over $250,000 would be a trillion dollar over the next ten years. >> $1 trillion is not to be sniffed at. some broke with the leadership and urged his party to extend the tax cuts to ensure that their taxes don't go up. he has a point there. who cares. >> sure, there is a point in there, i might dispute the numbers. i would argue, as the members of my party, that we have a spending problem as opposed to a revenue problem to my friend steve's remark about the clinton tax rates that sounds great to go back to 39%. but, actually, those
or taxes might be taxed. and there is a principle involved. is there a principle or bloody minded news. we shall not pay anymore taxes ever. >> at some point there is just too much tax. we are a long way from that. let's look at earned income tax. they are lower now. all president obama is doing is saying let's go from 35% to 39.6% the same as it was under president clinton the economy did very well and it is more than just a drop in the bucket. just raising rates on people making over...
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Nov 22, 2012
11/12
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toys "r" us.com, we collect sales tax. so do all of them at this company. what the loophole has been is the only companies that have not been collecting sales tax, it looks like it's imminent. >> will that be good, that level of the playing field? >> everyone admits, includi companies that there should be a level playing field. it's so interesting because i did talk about the good old days. i don't know that the internet has lived up to the hype, but only now when i look at these earnings reports that the traction that we see, certainly i don't know that it will put brick-and-mortar businesses out. you think that will happen now? is that the inevitable part of retailing? >> i don't view it as one or the other. the model of the future for retail is the only channel model. the superior channel is where you have internet as well. customers want to relate to the brand. at toys "r" us, there are 81 different ways you can do business with us. you can wear on your cell phone. you can go pick it up in the store. you can fight your home. you can go in the store and
toys "r" us.com, we collect sales tax. so do all of them at this company. what the loophole has been is the only companies that have not been collecting sales tax, it looks like it's imminent. >> will that be good, that level of the playing field? >> everyone admits, includi companies that there should be a level playing field. it's so interesting because i did talk about the good old days. i don't know that the internet has lived up to the hype, but only now when i look...
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Nov 23, 2012
11/12
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not tax e rates. joining me now to talk about it from baltimore, maryland senator ben cardin, good afternoon. >> it's good to be with you, thank yo >> where do negotiations stand right now from your perspective? >> they are taking place at different leve.w that the presi speaker of the housend meeting. i could tell you as a member o the senate finance committee, we've had discussions democratic and republican members of the senate finance committee as to how we could be helpful. but u' hurdle isd revenue. and how we're going to be able to achieve enough revenue to ma work. >> let's talk about this soluti, mentioned in the new york times today, raing tax revenue by taxing wealthy americans, entire income at the current top rate. is tso both sides could agree to? >> i think it's going to be challenging quite frankly. the eni?pasiest way to get ther let the highest rates expire and no go back to the bush rates. if we start dealing with exemptions and can do that but normally we would talk conjunction
not tax e rates. joining me now to talk about it from baltimore, maryland senator ben cardin, good afternoon. >> it's good to be with you, thank yo >> where do negotiations stand right now from your perspective? >> they are taking place at different leve.w that the presi speaker of the housend meeting. i could tell you as a member o the senate finance committee, we've had discussions democratic and republican members of the senate finance committee as to how we could be...
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Nov 25, 2012
11/12
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in determines of higher dividend taxes and higher taxes on just about every piece of the economy and i tell you, don't believe me, go out there and talk to them. they started cutting back way before this last week. >> i want to take this point. >> a this is the problem, the fiscal cliff is really bad, but the solution offered by president obama of massive taxes is not that good. >> julian, what do you make of that this this is just a pandora's box, and the beginning. the fiscal cliff, cou have a short-term impact, but timately the trend of higr taxes that charlie's point, is what businesses are really afraid of? >> i totally disagree with that and i think the surveys of businesses have shown that to be wrong and i talked to-- >> whoa, whoa, what survey. >> can i finish the point, charlie. >> you just said survey. >> we'll come back. >> i think that businesses are concerned mostly about whether consumers are going to spend or the not. that's the concern and i think as for the fiscal cliff, no, i don't think that's what it is and as for the fiscal cliff, anybody paying close attention,
in determines of higher dividend taxes and higher taxes on just about every piece of the economy and i tell you, don't believe me, go out there and talk to them. they started cutting back way before this last week. >> i want to take this point. >> a this is the problem, the fiscal cliff is really bad, but the solution offered by president obama of massive taxes is not that good. >> julian, what do you make of that this this is just a pandora's box, and the beginning. the...
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Nov 27, 2012
11/12
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CNBC
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they don't want to raise taxes on the wealthiest in this country. this they want to maintain the tax breaks from the bush era for everybody or nobody. here we are. you've identified where your sacred areas are. they've got theirs. that's what i'm asking. where's the middle ground in all of this? >> well, the middle ground is a fair share. by putting the benefit programs on the table, social security, medicare, medicaid, as being the source for the deficit and the only way to reduce that and the only way to balance this, i think is wrong when there is no significant revenue. not just gestures and token appeals about tax deductions and other areas but a significant restructuring of that code to bring us back in line the way that we were under clinton. >> representative, as we're talking, the market is selling off once again. every time members of congress come on -- and i've got to tell you, sir, i think you're contributing to the fears that we're going off the fiscal cliff, because it doesn't sound like there's any compromise in what you're saying. d
they don't want to raise taxes on the wealthiest in this country. this they want to maintain the tax breaks from the bush era for everybody or nobody. here we are. you've identified where your sacred areas are. they've got theirs. that's what i'm asking. where's the middle ground in all of this? >> well, the middle ground is a fair share. by putting the benefit programs on the table, social security, medicare, medicaid, as being the source for the deficit and the only way to reduce that...
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Nov 27, 2012
11/12
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cannot tax us. the u.n. not ban guns in the united states because the right to possess and keep your own money and the right to keep and bear arms are fundamental liberties guaranteed by the constitution. so the u.n. could set guidelines for member nations to follow, but with respect to the u.s., it cannot interfere with the internal operations of the government. stuart: could the united nations not say all right, the dues from all member countries will go up because we need to refunnel that money for climate change. >> yes, they could do that. the united states has not only paid its dues, it's paid many times its dues, because they have been unable to collect money from other countries. a statement from the 60s, the u.s. should be out of the u.n. and the u.n. should be out of the u.s. it's done us no good whatsoever. even with it here, yes, they could raise their dues. and yes we would probably pay it. and yes they could redistribute that money however they wanted. stuart: you need to keep it short. charles
cannot tax us. the u.n. not ban guns in the united states because the right to possess and keep your own money and the right to keep and bear arms are fundamental liberties guaranteed by the constitution. so the u.n. could set guidelines for member nations to follow, but with respect to the u.s., it cannot interfere with the internal operations of the government. stuart: could the united nations not say all right, the dues from all member countries will go up because we need to refunnel that...
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Nov 28, 2012
11/12
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pledge created by the president of americans for tax reform, grover norquist. but now some republicans are an ban toni donning the anti-tax pledge as fast as they abandoned -- what's his name? don't help me, don't help me.fas his name? don't help me, don't help me. rip flam bay. >> thousand about entertainment news. maybe angus t. jones doesn't want you to stop watching after all. he released an apology after claiming viewer shoes stop watching it. in his statement he says he has the high he is respect for all the people he works with and is thankful for the opportunities they have given to him. >>> all right. so former co-star charlie sheen has also decided to weigh in. knew that was coming, too. he says it is clear to him that the show is cursed. >>> and recently we reported that the onion named kim jong-un 2012's sexiest man alive. all right. the joke was apparently lost on china's communist party newspaper. they went on to run a 55 page photo spread of the leader c congratulating him for the title. you can see how this would be confusing. >> very confusing.
pledge created by the president of americans for tax reform, grover norquist. but now some republicans are an ban toni donning the anti-tax pledge as fast as they abandoned -- what's his name? don't help me, don't help me.fas his name? don't help me, don't help me. rip flam bay. >> thousand about entertainment news. maybe angus t. jones doesn't want you to stop watching after all. he released an apology after claiming viewer shoes stop watching it. in his statement he says he has the high...
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Nov 25, 2012
11/12
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why pete carol arrived and donations to the school soaredlet >> but they are soaring because they are tax exempt. to bill's point. the colleges and universities are out of control because they are nonprofit. they have 40 administrators for every one student. and i don't know why stunes are giting squeezed when football is so profitable. nand they stand up for the university of the sphoil would children, go ahead, rich. >> and pete carol was running out and scandal trailing him the whole way. sc is a great schooll and more frominent over time and i don't know how you correlate it to pete carol. >> so far, no one is going for bill baldwin's solution. nand my reform plan would eliminate the ncaa. enthe football. thanks to the web education is upend football will be like the minor leagues for like baseball training and university, you are going to do it on computer and so enjoy it while you can. >> with that thought. we'll look on that for a while. unions strike a busy shopping center of the year and are they going to be scrooge that wreaks holiday sales. u.s. businesses are coughing up thiev
why pete carol arrived and donations to the school soaredlet >> but they are soaring because they are tax exempt. to bill's point. the colleges and universities are out of control because they are nonprofit. they have 40 administrators for every one student. and i don't know why stunes are giting squeezed when football is so profitable. nand they stand up for the university of the sphoil would children, go ahead, rich. >> and pete carol was running out and scandal trailing him the...
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Nov 29, 2012
11/12
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CURRENT
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own taxes. it's a sham and they ought to be rolled out of town if people understand what they were talking about. >> if people are worried about how they're going to take care of the homeless, how schools will be able to accommodate 30 kids in the class rom how people will be able to make ends meet when unemployment disappears. they can't be here. they can't afford it. they come here and write it off in their taxes $20 million a year ceos from these corporations, and continue to spread the hysteria and--and if their plan goes through the austerity plan, they and their company and their bonuses are actually the only thing that is going to improve in this economy. >> eliot: as they have over the past couple of years. income disparity is worse and worse and incomes are going up. lloyd blankfein telling people that they people should not expect to work for 25 years and then retire for 30. i don't think he understands what social security is all about. >>> the hispanic caucus said no today on a repub
own taxes. it's a sham and they ought to be rolled out of town if people understand what they were talking about. >> if people are worried about how they're going to take care of the homeless, how schools will be able to accommodate 30 kids in the class rom how people will be able to make ends meet when unemployment disappears. they can't be here. they can't afford it. they come here and write it off in their taxes $20 million a year ceos from these corporations, and continue to spread...
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Nov 21, 2012
11/12
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CNNW
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they say lower taxes, smaller government. okay, but inside of that, you still have to talk to people and i've made this point and republicans get mad at me when i say they're scared of black folks, scared to talk to them. you look at the republican debate, when the question was asked what would you do to attract latinos to the party and they all talked about building a wall. they have to actually sit down, communicate with people and say what are you concerned about. what are your concerns, what are your issues, and not just a top down philosophy. if so, they will keep losing. >> so here's what they're trying to do. 2016's already started for all intents and purposes, from the republican side. so here's republicans trying to do a little bit of what you and roland are talking about. here's three of the people who are probably be running. >> we need to stop being the dumb party. we need to offer smart, conservative, intelligent ideas and policies. that's how we win elections. >> this is not about the republican party for those
they say lower taxes, smaller government. okay, but inside of that, you still have to talk to people and i've made this point and republicans get mad at me when i say they're scared of black folks, scared to talk to them. you look at the republican debate, when the question was asked what would you do to attract latinos to the party and they all talked about building a wall. they have to actually sit down, communicate with people and say what are you concerned about. what are your concerns,...
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Nov 23, 2012
11/12
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. >> it would not have the taxes. we have the money left over. the park could be just as good. john: well, it certainly is true that the park is very commercial these days. but buying and selling going on. holiday gifts. very commercial. on the other hand, the public seems fine with that. >> its and look very nice. a different story. >> a lot of the things that they should be doing. you should -- john: some money. >> that's right. you will study. if everyone would feel just as good. >> is a very public. nobody has viewed it as privatized, and the final answer to these arguments, every dollar that is earned by concessions and sponsorships and events goes right back into the park. all that money is earned in these ways. the way we provide private skating complex skating for free which we do is from those booze and a sponsorship from city which has been very generous. john: less talk about your next one combustion. boston, and was once a common breezy feel. so for the tragedy. it was overgrazed. now it's a part. managed by government for about four and years. badly managed, and th
. >> it would not have the taxes. we have the money left over. the park could be just as good. john: well, it certainly is true that the park is very commercial these days. but buying and selling going on. holiday gifts. very commercial. on the other hand, the public seems fine with that. >> its and look very nice. a different story. >> a lot of the things that they should be doing. you should -- john: some money. >> that's right. you will study. if everyone would feel...
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Nov 29, 2012
11/12
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FBC
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why don't you be responsible and raise taxes, put your finger prints on a tax increase to pay for our bigger government. republicans said no. harry reid has had a hissy fit for four years now, i'm happy the republicans would not raise taxes to pay for is bigger government. the problem is the american people don't want their taxes raised. lou: what i asked was how you feel? >> i am pleased as punch. harry reid, at haing a hissy fit at me, he's really mad at the ameican people for not wanting to raise axes. he personalizes it with me. lou: what about those folks like senator john mccain, senator lindsay gramm, senator chambliss the list goes on. i mea -- >> it doesn'go on. it does not go on. here's theood news. all the people who last week and said we might raise taxes under certain circumstaes with the same people who said that two years ago. and everyews dia outlet in the country has said the last week, would you like to be famous? would you like to be called important and influential? come to our tv station and announced u areefor tax increases and we will tell everyone you are impor
why don't you be responsible and raise taxes, put your finger prints on a tax increase to pay for our bigger government. republicans said no. harry reid has had a hissy fit for four years now, i'm happy the republicans would not raise taxes to pay for is bigger government. the problem is the american people don't want their taxes raised. lou: what i asked was how you feel? >> i am pleased as punch. harry reid, at haing a hissy fit at me, he's really mad at the ameican people for not...
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Nov 28, 2012
11/12
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CURRENT
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how about taxes? when i tell people that obama wants to lower corporate taxes they don't believe me. listen to obama and see if you can tell what he wants to do. >> we have one of the highest corporate tax rates in the world, but it's riddled with exceptions and special interest loopholes. we can lower the corporate rate if we get rid of all these specials rates. >> not increase, lower the corporate rated. he's saying it. you just don't want to listen to it. ok? he is conservative. he's a blue dog. he wants to do the same plan the republicans want to do, just a little lighter. so what's on the -- what do we know about this grand bargain and what's still on the block? first of all cutting medicare. unquestionably, no question, it has been offered in every single deal, it is offered up now, dick durbin is still talking about how they call it reform. they're cutting it, cutting it, cutting medicaid, unquestionably, that has been offered every single time and they'll cut it. they are going to lower corpor
how about taxes? when i tell people that obama wants to lower corporate taxes they don't believe me. listen to obama and see if you can tell what he wants to do. >> we have one of the highest corporate tax rates in the world, but it's riddled with exceptions and special interest loopholes. we can lower the corporate rate if we get rid of all these specials rates. >> not increase, lower the corporate rated. he's saying it. you just don't want to listen to it. ok? he is conservative....
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Nov 24, 2012
11/12
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FOXNEWSW
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obama's plan to keep the taxes low bush tax cuts and obama tax cuts. to keep it low. i think it should be agreed to right along the wape discuss whether or not the millionaires should pay the clin ribiton tax rates. millionaires themselves n and polls show they need to pay more taxes and percent of the americans believe they need more taxes and lowest tax necessary 80 years and we have a high deficit. they can afford to pay more. >> the fact is, many republicans are saying okay. we want to talk about taxes. let's also take a look at entitlements and speppeding cuts and so far, the white house hasn't put forward anything on paper that they are willing to discuss. >> that is one of the hardcore issues here. there is an idea coming from the democrats we are going to raise taxs and off set it by raising taxings. we have a staggering economy and unemployment and we'll hit 50 million americans on food stamps and no end for that number to constantly grow even as unemployment rates went down. we are adding to people on food stamps which doesn't make sense. how do youriform th
obama's plan to keep the taxes low bush tax cuts and obama tax cuts. to keep it low. i think it should be agreed to right along the wape discuss whether or not the millionaires should pay the clin ribiton tax rates. millionaires themselves n and polls show they need to pay more taxes and percent of the americans believe they need more taxes and lowest tax necessary 80 years and we have a high deficit. they can afford to pay more. >> the fact is, many republicans are saying okay. we want...
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anti-tax champion grover norquist last night told me he's keeping republicans to the no tax increase pledge they made decades ago. but should his party back away from that promise? joining me in his first interview since the election, reince priebus, chairman of the republican national committee. welcome back, mr. priebus. how are you? >> doing great, piers. how are you? >> you have been keeping your head below the paraput since the shellacking you guys took in the election. what is your reaction to the pretty poor defeat? >> well, i think that we got to look at everything that we're doing. i think that's what we have to do. i don't think you can draw any quick conclusions other than the fact that we lost and we know that. but i think in order to get back in the game, you've got to look at and do a full autopsy of what happened, what we did well, what we didn't do well, what we can do better in the next year with two governors' races coming up and two years later, then four years from now. so what we're going to do is we want to bring everyone together. leaders from across the countr
anti-tax champion grover norquist last night told me he's keeping republicans to the no tax increase pledge they made decades ago. but should his party back away from that promise? joining me in his first interview since the election, reince priebus, chairman of the republican national committee. welcome back, mr. priebus. how are you? >> doing great, piers. how are you? >> you have been keeping your head below the paraput since the shellacking you guys took in the election. what is...
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taxes $115 million to the government. state taxes to the government side. bottom line is the government and the lottery administration get $806 million >> kimberly: that is why they do it. >> bob: a lot goes to education and if you republicans wouldn't keep cutting it we would haven't to have lotteries. >> dana: that is not true. that is not the way it works. governments have become enslaved to lotteries. i don't think it's a good idea for several reasons. just like i don't like casino gambling or the gambling boats and things because it ends up being a tax on everybody but certainly the poorest among us who try to win, they spend a lot of their earnings to try to win these things. they can spend their money however they want but i think it's a tax on people. >> eric: along those lines, buying a soda. you pay sales tax on it. >> dana: but i'm not going to win anything. unless there is a contest. >> kimberly: clothes or cars. >> brian: if you get a dr. pepper you could -- >> dana: if you buy a soda you get immediate gratification. you open it and drink it. i
taxes $115 million to the government. state taxes to the government side. bottom line is the government and the lottery administration get $806 million >> kimberly: that is why they do it. >> bob: a lot goes to education and if you republicans wouldn't keep cutting it we would haven't to have lotteries. >> dana: that is not true. that is not the way it works. governments have become enslaved to lotteries. i don't think it's a good idea for several reasons. just like i don't...
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Nov 21, 2012
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if you get rid of a tax loophole, that's raising taxes. he sent a letter to tom cobuln and said you can't do that because when you eliminate a tax loophole that's eliminating taxes and tom coburn sent a letter back sending him to pound sand and we need -- and i think representative ellison knows this better than i do. there are good republicans out there. >> no doubt. >> who i believe are not going to take the lead of this delaying and ofiscating leadership. you can name some of the house i'm sure, keith. so we've got to be willing to move this country ahead and know that that means entitlement cuts, spending cuts, and increasing revenues. >> they are not only good republicans, they are good politicians because when you look at grover's losers, candidates who sign, there's no type of pledge. so many lost. 24 republicans for the senate, 55 republicans for the house to sign that pledge lost. it doesn't even make good political sense anymore. >> you know, reverend, can i just add, i think when you call on members of congress to do right by th
if you get rid of a tax loophole, that's raising taxes. he sent a letter to tom cobuln and said you can't do that because when you eliminate a tax loophole that's eliminating taxes and tom coburn sent a letter back sending him to pound sand and we need -- and i think representative ellison knows this better than i do. there are good republicans out there. >> no doubt. >> who i believe are not going to take the lead of this delaying and ofiscating leadership. you can name some of the...
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Nov 22, 2012
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tax free. >> despite all the customers hounding ike for product, his own suppliers are no longer willing to talk business with him over the phone. it's possible they heard he got caught. >> that was the target? basically he got word back that you got caught up, now he's going to shut down with you. >> of the heavy hitters, there's nobody you can call right now to bring you some product. >> yeah. i can call people that don't know about us. >> pick the best one. where we're at right now, we got to take you back down and start processing you. we got to get going. we can't put something together right now we got to move on. >> once they check her out, make sure it's clear, turn it over to you guys. >> okay. >> all right? i don't want to wait too much longer for the second one. >> the gang unit is going to be executing a search warrant south wentworth in chicago heights. if you can make notification to chicago heights pd. we also have htb out with us. >> a lot of times with these suburban departments they're understaffed and overworked as well. a lot of these departments had full-time narcoti
tax free. >> despite all the customers hounding ike for product, his own suppliers are no longer willing to talk business with him over the phone. it's possible they heard he got caught. >> that was the target? basically he got word back that you got caught up, now he's going to shut down with you. >> of the heavy hitters, there's nobody you can call right now to bring you some product. >> yeah. i can call people that don't know about us. >> pick the best one....
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Nov 26, 2012
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tax-exempt bonds sound good when taxes are going up but the value of the bonds have been bit up because panic buying is pushing our interest rates go up. you'll lose a lot of principle on munis bonds. if you buy one today you have a 1% to 2% chance to the upside and a 40% chance of losing money. that's not good odds. run away from interest rate-sensitive bonds. that's my number one, you know, tip of the day, if you want to call it. stay away from that. >> the takeaway from ed. thank you for joining us, stewart. a pleasure. >>. >> 12 minutes before the closing bell. right now the dow jones industrial average is lower by 54 points. nasdaq higher by 70 point. >> violent protests in egypt are one of the many hot spots around the globe affecting our markets. we'll round off all of them and find out how they are affecting your money coming up next. >>> plus, one top democrat says members of his party threatening to jump off the fiscal cliff. they say, do it already! he says that's a business mistake. sandra levin joins us from capital to tell us why he thinks it's a baddied. working since i w
tax-exempt bonds sound good when taxes are going up but the value of the bonds have been bit up because panic buying is pushing our interest rates go up. you'll lose a lot of principle on munis bonds. if you buy one today you have a 1% to 2% chance to the upside and a 40% chance of losing money. that's not good odds. run away from interest rate-sensitive bonds. that's my number one, you know, tip of the day, if you want to call it. stay away from that. >> the takeaway from ed. thank you...
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Nov 22, 2012
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it's with a wealth tax of 1.5%. to me the most important issue is to deal with the wealth inequality in this country which is it much more severe than the income inequality in this country. it's getting worse. it's been getting worse for the last 20 years. and the only countries in the world that have let's say more than $10 million people in them where it's cloe close to how bad it is in this country are all in africa and latin america. >> so we're not necessarily talking about someone who works really hard, an entrepreneur works really hard. you're talking about the people who initially are going to get, teresa heinz kerry, warren buffett, people who have massive amounts of money. they're hit the hardest, right? >> absolutely. the proposal i wrote had an exemption for households up to $500,000 in wealth that, is exempting 80% of american households right there. >> how did you draw that line? i can imagine there is all kinds of cheating that is going to happen around that line. or even on the bentley. people are go
it's with a wealth tax of 1.5%. to me the most important issue is to deal with the wealth inequality in this country which is it much more severe than the income inequality in this country. it's getting worse. it's been getting worse for the last 20 years. and the only countries in the world that have let's say more than $10 million people in them where it's cloe close to how bad it is in this country are all in africa and latin america. >> so we're not necessarily talking about someone...
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tax issue. if you are a small business owner and you have a gadget to sell out of your garage and you work hard, you don't the money to comply with the different state laws across the country. whatever you call them. >> bob: we are not alone. a lot of republican governors are for taxing the internet. >> eric: in new jersey, i believe you don't pay sales tax on clothes. add sales tax on clothes there? >> brian: absolutely. >> eric: that is because you're from new york. >> dana: it should be fair. should you tax food? chocolate or not? it goes on and on. >> bob: if you talk about fair, how is it fair that people that go to the brick and mortar stores that pay taxes and other people on the internet don't. >> dana: we will explain it in the break. we have to go. major power grab in egypt. susan rice blames the intel community. the anti-muslim video that we talk, he will speak for the first time. the foreign policy roundup is next. in [ male announcer ] are you considering a new medicare plan? then y
tax issue. if you are a small business owner and you have a gadget to sell out of your garage and you work hard, you don't the money to comply with the different state laws across the country. whatever you call them. >> bob: we are not alone. a lot of republican governors are for taxing the internet. >> eric: in new jersey, i believe you don't pay sales tax on clothes. add sales tax on clothes there? >> brian: absolutely. >> eric: that is because you're from new york....
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cbo says middle class tax cuts are imperative, not ohioer income tax cuts. that's a fact. >> i think it's very possible and i think what has to happen now is that the republicans, many who say they're no longer listening to grover cleveland, at least not bound by his pledge, now need to listen to the electorate and the electorate has spoken. they say address the cliff. do so by extending middle class tax cuts but not those for upper income tax pairs becauyers -- >> i'm sure you were being cheeky there. listen, the issue, though, is that the spirit of our problem long term is too much spending. historically, you raise the taxes, then the spending cuts don't happen. and then what does that mean? that means future generations, like the ones today, are now facing higher taxes because of spending cuts that never came. what do you say to folks who say, if we raise taxes now, in the end you guys will never cut? >> because there will be some spending cuts in -- addressing the cliff. the budget control act, we did cut spending. we know it has to be done. first we hav
cbo says middle class tax cuts are imperative, not ohioer income tax cuts. that's a fact. >> i think it's very possible and i think what has to happen now is that the republicans, many who say they're no longer listening to grover cleveland, at least not bound by his pledge, now need to listen to the electorate and the electorate has spoken. they say address the cliff. do so by extending middle class tax cuts but not those for upper income tax pairs becauyers -- >> i'm sure you were...
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Nov 29, 2012
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the federal tax rate is currently 25%. so it will be $380 million the government gets $95 million off the top. and the winning states not too shabby either. arizona takes 5% at 9$9.5 millin and missouri stakes $7.6 millio. in the end, the two winning ticket holders end up with 25% of that original jackpot. >>> mitt romney is heading to the white house today, just not in the capacity that he hoped for three weeks ago. this afternoon he'll sit down for a private lunch with president obama. it will be the first encounter since the final presidential debate in october. the meeting fulfills an election night promise by the president to work with romney going forward. that doesn't mean the former massachusetts governor will become a regular. >> is governor romney here tomorrow in some kind of cabinet level position? >> no. >> beyond that, is there some kind of reorganization in the commerce department where governor romney could play a role? >> again, there is -- the president doesn't have a specific assignment in mind for the g
the federal tax rate is currently 25%. so it will be $380 million the government gets $95 million off the top. and the winning states not too shabby either. arizona takes 5% at 9$9.5 millin and missouri stakes $7.6 millio. in the end, the two winning ticket holders end up with 25% of that original jackpot. >>> mitt romney is heading to the white house today, just not in the capacity that he hoped for three weeks ago. this afternoon he'll sit down for a private lunch with president...
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Nov 29, 2012
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taxes will go higher. you're also talking about the possibility of a much slower economy. and how does that impact earnings in 2013? let's say hypothetically we go off the fiscal cliff because clearly both sides are digging in. here we are at the edge once again like last summer. we go off the fiscal cliff. 2013 comes. we go into recession. doesn't that hit corporate earnings, which, of course, has been the best part of this recovery anywhere? >> there's no question about that. i would contend that the market has probably already factored most of that in. when you can buy a number of stocks -- in the hodges small cap fund, we have a number of stocks trading below their growth rate. that's telling you that the market is not expecting good growth. when you can buy stocks that are growing at 20% a year at ten times earnings, that's a good valuation. there are a number of those situations there that we're seeing left and right. >> got to go, guys. >> okay. >> sorry, jeff. you know how that works. you guys on t
taxes will go higher. you're also talking about the possibility of a much slower economy. and how does that impact earnings in 2013? let's say hypothetically we go off the fiscal cliff because clearly both sides are digging in. here we are at the edge once again like last summer. we go off the fiscal cliff. 2013 comes. we go into recession. doesn't that hit corporate earnings, which, of course, has been the best part of this recovery anywhere? >> there's no question about that. i would...
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Nov 26, 2012
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the cuts, the tax hikes? >> usually i wake up about 3:00 in the morning and i wonder where are we going to balance the budget, first off with the economy as it is right now, it is just slowly increasing. we have a pension crisis just like every other state just about has a pension crisis. liz: you have had success. i want our viewers to know you have balanced -- balanced two previous budgets if not more, you have closed deficit holes of more than 4 billion dollars. you have had success. >> we went from a 4.2 billion dollars deficit to two one time budgets with no tax increases. but we have pensions that are eating up a good portion of the budget that we're going to have to address. if all of a sudden this federal money that has been coming to the state and going down to the local communities is cut off, we're going to have to sit back and say what services can we provide and what services are going to disappear? but what concerns me more is the unemployment that it's going to create. i think the cbo has said
the cuts, the tax hikes? >> usually i wake up about 3:00 in the morning and i wonder where are we going to balance the budget, first off with the economy as it is right now, it is just slowly increasing. we have a pension crisis just like every other state just about has a pension crisis. liz: you have had success. i want our viewers to know you have balanced -- balanced two previous budgets if not more, you have closed deficit holes of more than 4 billion dollars. you have had success....
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no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. with his wife, danielle, almost every weekend. derrell hasn't been able to visit his mom back east in a long time. [ shirley ] things are sometimes a little tight around the house. i wasn't able to go to the wedding. [ emily jo ] since derrell couldn't get home, we decided to bring home to him and then just gave him a little bit of help finding his way. ♪ [ laughs ] [ applause ] i love you. i love you, too. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. >>> if you're a family in debt, you don't keep spending. >> it shouldn
no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. with his wife, danielle, almost every weekend. derrell hasn't been able to visit his mom...
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Nov 21, 2012
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sales taxes are up. most americans are paying more in taxes than ever before. at the same time wealthy americans are paying less than ever before. this is an appropriate move. >> we'll be talking more about social security taxes and also goldman sachs. you'll enjoy that, robert. but neera, you know the hill better than anyone. will they get this done by the end of the year? or are there sticking points we're not seeing? >> this is the most optimistic i have ever been. and you know, that's not saying a lot sometimes because this whole debate around the budget has been like losing the football for awhile. but i actually think that you're seeing republicans moving in a way that they obviously didn't do, and you're seeing an understanding -- what i think is really important is there are a lot of people like bill crystal coming forward, governors are trying to make a play here. they represent whole states as well. so i think you're seeing a kind of break in this impass or fever that we haven't seen in the past. as you said, there's reasonable common ground to make i
sales taxes are up. most americans are paying more in taxes than ever before. at the same time wealthy americans are paying less than ever before. this is an appropriate move. >> we'll be talking more about social security taxes and also goldman sachs. you'll enjoy that, robert. but neera, you know the hill better than anyone. will they get this done by the end of the year? or are there sticking points we're not seeing? >> this is the most optimistic i have ever been. and you know,...
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once all the taxes go up, everybody is in a position to vote for a tax cut. so the nature of this may be such that republicans feel compelled to wait until after taxes have risen so that they can actually vote for a tax cut, which will be some sort of compromise. i don't think we should dismiss grover norquist and the power of this pledge and the threat to run primary campaigns against people so quickly. >> what you're talking about there, though, it sounds like getting out of the pledge on a technicality. if they wait for the rates to expire on their oath, then they don't have to vote for a rate increase. that really honoring the spirit of this commitment? >> i don't think it is. if that's what it takes to get people to reality, we've been waiting for many years for republican legislators to kind of recognize reality, and people thought, okay, the 2008 election. that will really sort of wake them up and think we have to compromise on issues of taxation. no it didn't. people thought maybe 2012 will do the trick. we see them edge from this. i think their minds
once all the taxes go up, everybody is in a position to vote for a tax cut. so the nature of this may be such that republicans feel compelled to wait until after taxes have risen so that they can actually vote for a tax cut, which will be some sort of compromise. i don't think we should dismiss grover norquist and the power of this pledge and the threat to run primary campaigns against people so quickly. >> what you're talking about there, though, it sounds like getting out of the pledge...
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Nov 22, 2012
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payers get $100 of our money back, of our tax money that has gone to the government. that we be allowed to use that by designated it to any candidate or any political party or committee. that raise as great deal of money that does not come from lobbyists, that doesn't come from the one-third of the one percent but comes from the rest of the country. we believe that that is something that americans will be excited about because it gives them skin in the game. >> we've heard a lot of solutions today. obviously the best one is mine. what we need is a constitutional amendment to clean up our politics. we got to get money out of those politics because it is buying our politicians. of course there are different ways to get at that amendment. i think the convention is the best way. but i want everybody fighting with all their different ways and different ideas to make sure that we end the corruption. >> michael: i think trevor potter's voucher idea sounds cool. if you like cenk's idea, go to www.wolf-pac.com. when we come back i have a special report about how they're still
payers get $100 of our money back, of our tax money that has gone to the government. that we be allowed to use that by designated it to any candidate or any political party or committee. that raise as great deal of money that does not come from lobbyists, that doesn't come from the one-third of the one percent but comes from the rest of the country. we believe that that is something that americans will be excited about because it gives them skin in the game. >> we've heard a lot of...
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let's have income tax, 15%, gift taxes, 15%, let's make sure that warren buffett finally starts paying at least as much as his secretary, in the percentage, and, what has been proposed, here, by the president, will not have warren buffett paying the same as his secretary, in percentage. let's have a flat tax, lou. let's take the president at his word. if you make more you will pay more and this is the only way that that is going to happen. >> lou: you know, i believe the speaker boehner, perhaps the president himself may have been talking to you, talking to steve forbes and others who talked about the possibility of reforming the entire tax code. that could -- >> this is a great time. you know, the kind of time... and, not only that, let's don't forget the last time that the senate had a budget, it was when harry reid worked with his friend, speaker pelosi and nobody in the 2008 budget complained that it wasn't spending enough money. let's go back to 2008. $2.5 trillion, and cuts off a trillion in spending, right there. >> lou: there are all sorts of ways to get there, as you suggest h
let's have income tax, 15%, gift taxes, 15%, let's make sure that warren buffett finally starts paying at least as much as his secretary, in the percentage, and, what has been proposed, here, by the president, will not have warren buffett paying the same as his secretary, in percentage. let's have a flat tax, lou. let's take the president at his word. if you make more you will pay more and this is the only way that that is going to happen. >> lou: you know, i believe the speaker boehner,...
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rates or effective tax rates. there's ways of doing that. >> reporter: with the clock ticking and markets getting nervous, talks begin again this week amid tentative steps toward common ground. >> we can't go off the fiscal cliff. we have to show the world we're adults. the election is over. >> nbc's mike viqueira reporting. >>> overseas to egypt where the country's newly elected leader has granted himself unchecked power sparking days of clashes and sending the country's stock market into a freefall. our reporter is in cairo with the very latest. ayman, good morning. >> reporter: good morning. egypt's stock market opened for a second straight day, and it plunged already by 4%. now, that's already a day after it lost 10%, and officials there had to stop trading just to prevent it from declining any further. that's the economic turmoil this country finds itself in. there are tons of other political and social unrest unfolding across the egyptian capital, cairo. a short while from now, mourners are going to be prayi
rates or effective tax rates. there's ways of doing that. >> reporter: with the clock ticking and markets getting nervous, talks begin again this week amid tentative steps toward common ground. >> we can't go off the fiscal cliff. we have to show the world we're adults. the election is over. >> nbc's mike viqueira reporting. >>> overseas to egypt where the country's newly elected leader has granted himself unchecked power sparking days of clashes and sending the...
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tax cuts for the middle class. tonight chris van hollen and jan schakowsky and the latest on the fiscal cliff. >>> the meet iing with the president looks good for progressives. we'll get the scoop from james hoffa. >>> plus breaking news. republicans running the benghazi witch hunt remain disturbed and troubles. >> i'm more disturbed and significantly troubled. >> i'm more troubled. >> joan walsh on today's big meeting with susan rice. >>> and yesterday ricks rolled fox news. >> i think that the emphasis on benghazi has been extremely political because fox was operating as a wing of the republican party. >> today fox news strikes back. >>> good to have you with us tonight, folks. thanks for watching. the white house is keeping republicans in a box. president obama is hitting the road to push the extension of tax cuts for income, for folks under $250,000 a year. the president will kick off his tour in southeastern pennsylvania on friday. today he met with small business owners at the white house and tomorrow he plan
tax cuts for the middle class. tonight chris van hollen and jan schakowsky and the latest on the fiscal cliff. >>> the meet iing with the president looks good for progressives. we'll get the scoop from james hoffa. >>> plus breaking news. republicans running the benghazi witch hunt remain disturbed and troubles. >> i'm more disturbed and significantly troubled. >> i'm more troubled. >> joan walsh on today's big meeting with susan rice. >>> and...
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, tax rates that were around before the bush tax cults came along. we're talking about something that will not affect working-class people except for that loss in the payroll tax they vacation. who's going to get blamed for that? chances are the democrats figure the republicans will be blamed. there's the two-step option, which is let's kick the can down the road for another year, so to speak, while negotiations continue on the long-term grand bargain. that's always in the back hip pocket of members of congress as well. so i don't know that they're feeling the same kind of sense of panic that a lot of us outside are feeling. >> i just got handed this, and let me ask you for your instant analysis on this, dana. it comes from the office of the white house press secretary. it says on thursday governor romney will have a private lunch at the white house with president obama in the private dining room, the first opportunity they've had to visit since the election. there will be no press coverage of this meeting. was this signalled? did we expect this? >>
, tax rates that were around before the bush tax cults came along. we're talking about something that will not affect working-class people except for that loss in the payroll tax they vacation. who's going to get blamed for that? chances are the democrats figure the republicans will be blamed. there's the two-step option, which is let's kick the can down the road for another year, so to speak, while negotiations continue on the long-term grand bargain. that's always in the back hip pocket of...
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then you have a conversation about -- not about raising taxes, but then about cutting taxes. they will have already gone up. the question is whether the president has a great deal more leverage. he basically then is able to say it's because the republicans were too stuck that they went up in in the first place. so there is an argument for actually -- because the cliff isn't an actual cliff. because nothing will happen the day after that is catastrophic there's an argument for actually maybe letting this happen. the president gets even more leverage. >> there's talk about trying to do two things in two phases protect the middle class and let the rest of the stuff go over the cliff for maximum pressure. john dickerson, thank you. >>> slowing down air travelers across the country. nearly 100 flights were canceled this morning at chicago's main airport, o'hare and midway. more than 400 other flights were delayed for an average of 90 minutes. both airports support near zero visibility and they warned that problems could last into the afternoon. that threatens to create a domino ef
then you have a conversation about -- not about raising taxes, but then about cutting taxes. they will have already gone up. the question is whether the president has a great deal more leverage. he basically then is able to say it's because the republicans were too stuck that they went up in in the first place. so there is an argument for actually -- because the cliff isn't an actual cliff. because nothing will happen the day after that is catastrophic there's an argument for actually maybe...
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Nov 29, 2012
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we don't want to put both tax increases and entitlement cuts on the table. it's up to republicans and we'll come back with a counter. you can't force us to put an opening bid on entitlement cuts when we don't want any to begin with. and that's the movement. so i think even in public there's starting to be a little bit of moving and i think there is the ability for folks to get there. >> we do know pretty clearly i think that the white house thinks they have the upper hand. here is the president from his event yesterday. >> today i'm asking congress to listen to the people who sent us here to serve. i'm asking americans all across the country to make your voice heard. tell members of congress what a $2,000 tax hike would mean to you. >> so he's got his outreach to middle class americans. we saw him meeting with business leaders. his event is planned for tomorrow. we campaign-like and he is still using the campaign actually, more than a million people responded to that survey that obama for america put out and said they're interested in volunteering. so is par
we don't want to put both tax increases and entitlement cuts on the table. it's up to republicans and we'll come back with a counter. you can't force us to put an opening bid on entitlement cuts when we don't want any to begin with. and that's the movement. so i think even in public there's starting to be a little bit of moving and i think there is the ability for folks to get there. >> we do know pretty clearly i think that the white house thinks they have the upper hand. here is the...
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Nov 29, 2012
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they're still making the argument that they want to raise taxes on that small percentage of americans. the white house has not put forth any specifics. depending how the president secretary goes, there is miles of space in between the two sides on this one. >> all right. one of my favorite reporters juana summers with politico. thank you for joining us. >> up next, it has several layers. the story on the outside is far different than the inside. yes, as far as metaphors go, the saga of the twinkie takes the cake. all right make that metaphors and pun its. we'll be light back. [ male announcer ] this is karen and jeremiah. they don't know it yet but they're gonna fall in love get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married they'll find some retirement people who are paid on salary not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just co
they're still making the argument that they want to raise taxes on that small percentage of americans. the white house has not put forth any specifics. depending how the president secretary goes, there is miles of space in between the two sides on this one. >> all right. one of my favorite reporters juana summers with politico. thank you for joining us. >> up next, it has several layers. the story on the outside is far different than the inside. yes, as far as metaphors go, the saga...
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Nov 28, 2012
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tom cole of oklahoma urged fellow members to accept a plan for taxes. senate democrats are optimistic that more members of the republican party will be willing to step away from their pledge with grover nornorquist. >> republicans are deciding they no longer want to be married to this pledge. republicans are saying they want a divorce from grover norquist. that alone is a leading indicator that the fiscal deal is within reach. both sides are still far apart. the discussions over the next few weeks will be difficult. but with each new republican disavowingi grover norquist, th chance of a deal rises sharply. >> apparently wall street is not as optimistic. stocks dipped immediately. the dow dipped 9 poi89 points. >>> house republicans have announced their recommendations on who will claire the committees. and they love white old men. there is not a single woman among the 19 members that speaker skrjohn boehner recommed yesterday. not one woman. although chairs for the ethics and house administration committees have yet to be decided. that would make sense
tom cole of oklahoma urged fellow members to accept a plan for taxes. senate democrats are optimistic that more members of the republican party will be willing to step away from their pledge with grover nornorquist. >> republicans are deciding they no longer want to be married to this pledge. republicans are saying they want a divorce from grover norquist. that alone is a leading indicator that the fiscal deal is within reach. both sides are still far apart. the discussions over the next...
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Nov 27, 2012
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or raise their tax rates? today president obama meets with small business leaders continuing his push for higher taxes for the wealthy. a new white house economic report warns if tax breaks go away, the average middle-class family will owe uncle sam another $2,200 next year. >> it seems to be the thing that we can all agree on, that middle-class families should see an extension of these tax cuts. >> reporter: some prominent republicans who have been dead set against raising taxes on anyone now hint they may consider other options. >> we've been open to revenue by closing loopholes as long as it's tied to spending cuts and pro-growth tax reform that brudens the base and lowers rates. >> you don't raise rates, you just cap the amount of itemized deductions that taxpayers -- it hits the wealthy. >> reporter: the bottom line, republicans say americans borrowing too much money trying to keep medicare and social security afloat. lawmakers with the fix-the-debt coalition meet here tomorrow. >> there's going to come a
or raise their tax rates? today president obama meets with small business leaders continuing his push for higher taxes for the wealthy. a new white house economic report warns if tax breaks go away, the average middle-class family will owe uncle sam another $2,200 next year. >> it seems to be the thing that we can all agree on, that middle-class families should see an extension of these tax cuts. >> reporter: some prominent republicans who have been dead set against raising taxes on...